People should know you will get tax for mining in
the USA.

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They pass that tax bill about crypto to crypto. Think before you buy those GPUs. You get tax 100% of the gains because they won't count those GPUs and electricity as a lost.

Don't think you can hide the money because once you send coins to the address like Coinbase. They log in every address from incoming source. All they need is your coinbase acct and your entire history is exposed. That one address will lead to other addresses and continues till it stops.

IRS gets help from https://www.chainalysis.com

Tracing the addresses is easy just go to any block explorer website and paste the person's address on the block explorer.

I mean, I thought the first post was pretty easy to read and understand, but then again this isn't my first dance with lemurs. I hadn't heard about this, but I also just barely cared enough to open this topic and don't care enough to fact-check it because I don't mine and nobody I know mines. So I will now assume that the IRS is coming to people's houses and taking all their money if they mined.

Can't look at sites right now but here's a TLDR from what I picked up on like a month ago.

IRS is super salty about people not claiming Bitcoins. US trying really hard and looking like they're successfully going to start taxing cryptos with possibility of back taxes. Be careful until you know how much of a dick the tax man is going to be.

I mean, I thought the first post was pretty easy to read and understand, but then again this isn't my first dance with lemurs. I hadn't heard about this, but I also just barely cared enough to open this topic and don't care enough to fact-check it because I don't mine and nobody I know mines. So I will now assume that the IRS is coming to people's houses and taking all their money if they mined.

What's missing?

It's about the crypto to crypto trade tax. Miners these days don't do bitcoin unless they have ASIC miners.

Recently they pass that tax bill to prevent traders hiding money by trading into alternative currency. This affects miners as well because you eventually trade your coins through Bittrex and Poloniex exchanges for bitcoins. Those exchanges will also report to the IRS.

If you transfers to your Coinbase account. They will log every address involve.

It’s possible (and even recommended) to launder your crypto currencies. I have no idea how to do it but there’s a book by Kevin Mitnick (one of the best hackers in the world) that’s about protecting your privacy and security on the internet. It’s probably not worth it unless you’re talking large sums because it’s so convoluted a process.

It’s possible (and even recommended) to launder your crypto currencies. I have no idea how to do it but there’s a book by Kevin Mitnick (one of the best hackers in the world) that’s about protecting your privacy and security on the internet. It’s probably not worth it unless you’re talking large sums because it’s so convoluted a process.

I think that's outdated if the book is release few years before chainanlysis.